Bhubaneswar: In an ambitious move, the Ministry of Micro, Small and Medium Enterprises (MSME) has decided to come up with 50 Solar Charkha Clusters across the country under the Mission Solar Charkha. A budget of Rs 550 crore has been allotted for the project for the year 2018-19 and 2019-20. The scheme is envisaged to […]
New Delhi: In a public outreach exercise, Finance Minister Nirmala Sitharaman on Thursday said public sector banks will organise credit “shamiana meetings” in 400 districts beginning October 3 to provide loans to NBFCs and retail borrowers, including homebuyers and farmers and banks won’t declare any stressed loan account of MSMEs as NPA till March 2020 […]
New Delhi: The Ministry of Micro, Small and Medium Enterprises (MSME) and the Ministry of AYUSH have signed an agreement to jointly promote the nutraceuticals industry in India. MSME Minister Pratap Chandra Sarangi who was at an Assocham event in New Delhi announced the joint venture. “My department MSME and Ayush have also signed an […]
New Delhi: Finance Minister Nirmala Sitharaman on Friday said the ministries have cleared most of the dues of goods and services to suppliers, mostly MSMEs, and the remaining payments will be done in the next few days. The minister also said that ministries have been asked to provide detailed capital expenditure plans for the next […]
Gurugram: E-commerce marketplace Flipkart on Tuesday expanded its supply chain infrastructure with opening two of its largest fulfilment centres (FCs) in Farrukhnagar, Haryana which will generate more than 5,000 jobs in the region. Spread across 9 lakh square feet, the fulfilment centres will help Flipkart significantly scale up its supply chain infrastructure in north India, […]
Bhubaneswar: The Utkal Chamber of Commerce and Industry (UCCI) urged the Odisha government on Thursday to facilitate the making of wage payments during the COVID-19 lockdown period from the funds available with the Employees’ State Insurance Corporation (ESIC). The UCCI also sought granting of working capital loan, additional MUDRA loan on subsidised rate of interest […]
New Delhi: Announcing an economic package to tide over the coronavirus crisis, Prime Minister Narendra Modi on Tuesday said the Indian economy should take a quantum jump, and not in incremental manner. Addressing the nation on Tuesday evening, Modi said that economy, infrastructure, demography and demand would be among the major features of India in […]
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced a booster dose for MSMEs including Rs 3 lakh crore collateral free automatic loan for businesses. This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package. Union Finance Minister Nirmala Sitharaman announces emergency credit lines to […]
Mumbai: The Indian share market plunged on Thursday with the BSE Sensex falling over 800 points and the NSE Nifty50 falling below the 9,200 mark. The initial announcements under the Rs 20 lakh crore economic package failed to boost the investor sentiments. Further, weakness in the global markets also weighed on the domestic indices, analysts […]
Bhubaneswar: The Odisha government on Friday decided to organise camps in industrial estates to spread awareness among MSME units about the economic package announced by the Centre for the sector. The decision was taken at a high-level meeting chaired by Chief Secretary A K Tripathy where it was observed that the Micro, Small and Medium […]
New Delhi: The Central government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of July 1, 2020, public sector and private banks have sanctioned loans worth over Rs 1.10 lakh crore under the 100 per cent Emergency […]
New Delhi: The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS). As of July 9, the public sector and private banks have sanctioned loans worth over Rs 1.20 lakh crore under the 100 percent Emergency Credit Line Guarantee […]
Bhubaneswar: The Rourkela Steel Plant, a unit of the state-run SAIL, on Sunday said it has started offering price-based incentives to local industries to boost consumption of the metal. The micro, small and medium enterprises can get an incentive of Rs 100 per tonne on distribution charge and Rs 300 on supplies from the local […]
New Delhi: Union Minister for Micro, Small & Medium Enterprises (MSME) Nitin Gadkari has approved a scheme to raise production of ‘agarbatti’ (incense sticks) and become self-reliant on that front. The Khadi Agarbatti Aatmanirbhar Mission, proposed by the Khadi and Village Industries Commission (KVIC), eyes employment generation as well as making India self-reliant in agarbatti […]
Bhubaneswar: In a big boost to the industrial sector in the state, Chief Minister Naveen Patnaik inaugurated 12 projects through video conferencing on Thursday. Of the newly-inaugurated projects, eight are in Micro, Small and Medium Enterprises (MSME) category while four are large-scale industries. As per reports, these projects have an earmarked investment of Rs 8,796.61 […]
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